UK Inflation Back at 2% But Services Inflation Remains a Concern, GBP/USD Rises

Gold eases beneath near-term SMAs Stochastics post positive divergence MACD strengthens bearish momentum Gold prices have been developing within a trading range of 2,470 to 2,528 since August 16 with mid-level the 2,507 resistance, which overlaps with the 50-period simple moving average (SMA) in the 4-hour chart. Technically, the stochastic is moving higher, creating a […]

The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused […]

Key Highlights Crude oil prices are struggling to climb above the $74.00 resistance. A major bearish trend line is forming with resistance near $73.10 on the 4-hour chart. Gold prices are also facing a major hurdle near $2,050. EUR/USD could recover above the 1.1000 resistance zone. Crude Oil Price Technical Analysis In the past few […]